Tower Research Capital LLC TRC Sells 4,081 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Tower Research Capital LLC TRC lowered its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 90.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 436 shares of the electronics maker's stock after selling 4,081 shares during the period. Tower Research Capital LLC TRC's holdings in Bel Fuse were worth $36,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BELFB. KLP Kapitalforvaltning AS purchased a new stake in Bel Fuse in the fourth quarter valued at approximately $148,000. Integrated Quantitative Investments LLC acquired a new position in shares of Bel Fuse during the 4th quarter worth about $298,000. SG Americas Securities LLC raised its position in shares of Bel Fuse by 45.0% during the 4th quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker's stock worth $305,000 after purchasing an additional 1,146 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Bel Fuse by 6.3% in the 4th quarter. Principal Financial Group Inc. now owns 4,222 shares of the electronics maker's stock valued at $348,000 after buying an additional 249 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Bel Fuse in the 4th quarter worth about $371,000. Hedge funds and other institutional investors own 58.39% of the company's stock.

Wall Street Analysts Forecast Growth

BELFB has been the topic of several recent research reports. StockNews.com cut shares of Bel Fuse from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Craig Hallum assumed coverage on shares of Bel Fuse in a research report on Tuesday, March 25th. They set a "buy" rating and a $115.00 price target on the stock. Finally, Needham & Company LLC dropped their price objective on shares of Bel Fuse from $100.00 to $95.00 and set a "buy" rating for the company in a research note on Monday, April 28th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Bel Fuse presently has a consensus rating of "Buy" and a consensus target price of $102.50.

Bel Fuse Trading Down 2.9%

Shares of BELFB stock opened at $77.96 on Thursday. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80. Bel Fuse Inc. has a twelve month low of $58.00 and a twelve month high of $92.61. The company's 50-day moving average price is $71.66 and its 200-day moving average price is $77.73. The stock has a market cap of $987.52 million, a price-to-earnings ratio of 23.84, a PEG ratio of 1.24 and a beta of 1.50.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.50. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. The business had revenue of $152.24 million during the quarter, compared to analysts' expectations of $147.93 million. As a group, equities analysts predict that Bel Fuse Inc. will post 4.63 earnings per share for the current year.

Bel Fuse Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Tuesday, July 15th. Bel Fuse's payout ratio is currently 8.14%.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.

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